Laith Khalaf: The flaw of averages

Default funds

clock • 3 min read

Laith Khalaf takes a look at default funds and 'standardised investment strategies' as the FCA looks to expand its regime for pension savers...

Default funds have proved so wildly popular in the workplace, they're coming to individual pensions. The FCA says they're going to be called ‘standardised investment strategies', as the pensions industry has been crying out for more new jargon for consumers to get their heads around. The regulator is currently consulting on rules we can expect to be published in 2022, and reflect an extension of the investment pathways introduced for drawdown clients to those still building up their pension. Unlike in the workplace, the proposals aren't for pension savers to be automatically invested ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: UK small-cap opportunities are 'The best for more than 30 years', Downing's Judith MacKenzie says

Partner Insight: UK small-cap opportunities are 'The best for more than 30 years', Downing's Judith MacKenzie says

Growing interest in IPOs and a surge in pension fund interest put UK small-caps on course for strong growth.

Judith Mackenzie, Partner and Head of Downing Fund Managers
clock 28 November 2025 • 4 min read
'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

Advisers in the UK are ‘exceptionally high quality’

Jenna Brown
clock 25 November 2025 • 8 min read
Why 'bubble talk' doesn't always burst markets

Why 'bubble talk' doesn't always burst markets

What’s really driving recent returns?

Eleanor Ingilby
clock 20 November 2025 • 4 min read